As China’s economy continues to grow in strength and size, purchasing goods from the country nowadays has become very easy. Regardless of how big your business is, you stand to benefit immensely should you decide to source your trade goods from the Far East nation. Some of the reasons why you should buy from China include:
Minimal Trade Regulations.
Provided you abide by China’s customs, you will be able to buy goods from the country in bulk and at substantially lower prices as the country enjoys low tax rates from the government. Additionally, Chinese laws do not require you to obtain any special permits or licenses to purchase from Chinese Markets. You are free to import nearly any product you want, in whatever quantity provided you follow the national and international trade laws.
Shorter Supply Chain
Though it might be a continent away, buying from China enables you to shorten your supply chain by cutting out middlemen in both your home nation and in some cases, China as well. This is because, when you buy from China, you can source the goods directly from the local manufacturer. As a result, you have more control over the distribution model. Your business, also, enjoys a higher level of flexibility and you can make and implement decisions to tackle business and operational risk faster.
China boasts a maritime industry that moves freight to almost every corner of the world and at possibly the lowest price you can find. With this global shipping network and continued globalization, you can ship goods to markets in your home country and expand your business to other corners of the globe easily. Take Wish.com as an example, most of the products on there are from chinese marketplaces that ship worldwide.
Reduced Costs of Production
It is widely known that labor regulations, workers unions, and a constantly changing legal environment can hamper your business operations. Opting to outsource your products or services from China can drastically improve the chances of your business surviving. By participating in Chinese Marketplaces, you will enjoy both low costs for parts and labor ensuring you get your products without having to spend a fortune. By choosing a Chinese business partner to navigate global business with, you can save between 20-30% on your cost.
The Quality of Chinese Goods.
For a long time, anything with the label “Made in China” would promptly attract negative sentiments of it being counterfeit. This notwithstanding, the Chinese manufacturing has held its own and continued to improve the quality of its products with each year while still maintaining the low price. The results of this quality goods at an affordable cost for the buyer.
Thanks to the staggering and prolonged growth experienced by the country’s manufacturing sector, choosing to buy from Chinese markets directly might prove to be your most sound business decision over time. This is contingent, however, on you conducting adequate and proper research to amongst other things;
– Identify hot markets
– Plan how your business can take advantage of these markets.
– Calculate the costs you will incur and the potential profits you will earn
– Avoid sellers of counterfeit and sub-standard products.
With all these factors tackled adequately, your business can begin enjoying the many benefits that come with buying goods from China. As these benefits accrue to your business too, you will start enjoying many cost savings resulting in lower prices and improved margins that will keep both you, the investor and your customers happy.